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321 W Minarets Ave 321 W Minarets Ave 2 Unit Apartment Building $551,388 CAD ($275,694 CAD/Unit) 5.84% Cap Rate Fresno, CA 93650
EXECUTIVE SUMMARY
New Duplex Investment Opportunity in Fresno County
We’re excited to present a well-located duplex at 321 W Minarets Ave in Pinedale, a desirable neighborhood within the City of Fresno. Priced at $395,000, this value-add opportunity features two spacious 2-bedroom, 1-bathroom units, one of which has been recently renovated. Both units will be delivered vacant, allowing investors to immediately set market rents or an owner-user to occupy one side.
Pinedale is a growing submarket in Fresno County, known for its strong rental demand, proximity to shopping and dining at River Park, and access to the highly rated Clovis Unified School District. Residents enjoy a great quality of life with nearby parks, restaurants like Dog House Grill and Pismo’s Coastal Grill, and easy access to CSU Fresno and major freeways.
With excellent fundamentals and both units vacant, 321 W Minarets Ave is an ideal opportunity for those looking to invest in one of Central California’s most promising markets.
We’re excited to present a well-located duplex at 321 W Minarets Ave in Pinedale, a desirable neighborhood within the City of Fresno. Priced at $395,000, this value-add opportunity features two spacious 2-bedroom, 1-bathroom units, one of which has been recently renovated. Both units will be delivered vacant, allowing investors to immediately set market rents or an owner-user to occupy one side.
Pinedale is a growing submarket in Fresno County, known for its strong rental demand, proximity to shopping and dining at River Park, and access to the highly rated Clovis Unified School District. Residents enjoy a great quality of life with nearby parks, restaurants like Dog House Grill and Pismo’s Coastal Grill, and easy access to CSU Fresno and major freeways.
With excellent fundamentals and both units vacant, 321 W Minarets Ave is an ideal opportunity for those looking to invest in one of Central California’s most promising markets.
PROPERTY FACTS
| Price | $551,388 CAD | Property Subtype | Apartment |
| Price Per Unit | $275,694 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.52 AC |
| Cap Rate | 5.84% | Building Size | 2,181 SF |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| Gross Rent Multiplier | 10.29 | Year Built | 1949 |
| No. Units | 2 | Parking Ratio | 1.28/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | R1 - Single Family Residential | ||
| Price | $551,388 CAD |
| Price Per Unit | $275,694 CAD |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.29 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 2,181 SF |
| No. Stories | 1 |
| Year Built | 1949 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | R1 - Single Family Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,233 CAD | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 303-073-26 | Improvements Assessment | $103,319 CAD |
| Land Assessment | $41,683 CAD | Total Assessment | $145,002 CAD |
PROPERTY TAXES
Parcel Number
303-073-26
Land Assessment
$41,683 CAD
Improvements Assessment
$103,319 CAD
Total Assessment
$145,002 CAD
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